This is an interesting ploy from private colleges to attract students:
The sticker price for tuition at private colleges is higher than that at public schools, but so is the share of students who get bachelor's degrees within four years.With that in mind, Juniata College is hoping to lure away families considering public schools with this guarantee: Get a degree from Juniata in four years, or the fifth year's tuition is free.
The offer will apply to incoming freshmen on the liberal arts campus of 1,500 students, starting next fall. Administrators say they want to drive home the point that a private education can be more affordable than a public one -- especially once private school tuition discounts and the longer average time to degree at public colleges and universities are taken into account.
The offer, while not unprecedented, is unusual. Only 10 others among some 1,600 private colleges and universities make similar guarantees, according to the Washington, D.C.-based National Association of Independent Colleges and Universities.
Story is from the Pittsburgh Post-Gazette. You can read the rest of it here.

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